101 Shore Street N Cleveland QLD 4163

Waterfront position on prized Cleveland Point | Architect-designed by Heelass Homes | 5-bedroom, 3-bathroom on 463m² | Floor area nearly matches land size This property’s primary buying case rests on its rare configuration edge: a floor area (416m²) almost equal to its land size (463m²), achieved through an architect-designed build on a prized waterfront street. For a buyer, this means unusually generous internal space for a house of this lot size, effectively delivering a large family home without the maintenance of a larger block. The 2021 purchase price of $750,000 signals strong recent capital growth aligned with Cleveland’s median of $1.07m, but the estimated value of $1.44m suggests further upside if the market holds. This property best serves a buyer seeking a turnkey waterfront residence with premium finishes, where the value is in the completed home, not land banking. The key risk is that the house’s value is heavily tied to its current condition and design, limiting the buyer’s ability to add value through renovation or subdivision. The 463m² lot offers no land bank for future development, and any major structural upgrade would be costly. The opportunity lies in holding this property as a long-term family home, where the waterfront position and architectural quality provide durable demand and insulation from market dips. For a buyer, this is a lifestyle purchase with solid capital preservation logic, not a flip or development play.